InvestorsHub Logo
Followers 2
Posts 263
Boards Moderated 0
Alias Born 08/08/2011

Re: Actuate post# 23712

Monday, 05/20/2013 3:32:42 PM

Monday, May 20, 2013 3:32:42 PM

Post# of 62039
It has been explained many times as to why the share count changed, but just for reference I will post it again.

Two images were posted in the sticky post above, the first one shows Rod as a DIRECTOR AND OFFICER and shows he owns 5,530,000 shares and the SECOND image shows additional BENEFICIAL OWNERS and shows J. Rod Martin-CEO and Director owns 10,587,467 shares.

The 10,587,467 shares are actually owned by 5277 Partners LLC and are therefore not technically owned by J Rod. The reason they were previously reported is simple.

Before the AS increase in Shares the 5277 shares were listed because they were over 5% of the A/S. After the AS increase it is no longer 5% or more and not required to be listed.

Because the A/S was increased, Rod's 5277 Partners LLC no longer owns 5% of the common stock therefore it is no longer included in the 10K.

Clouds Valley, Zocalo and Black Diamond are no longer shown either for the same reason as can be seen below.

Clouds Valley Overseas SA, Calle 48 Bella Vista, Edificio Sucre, Panama City, Panama 10,277,100 8.4%
Zocalo Bar SA, Avenida Juan Leon Mera y Calama N523, Quito, Ecuador 9,045,900 7.4%
5277 Partners LLC, 2001 Meridian Ave #314, Miami Beach, FL 33129 9,700,000 7.9%
Black Diamond Realty Mgmt LLC, 3025 Aberdeen Dr, Boyton Beach, FL 33472 7,858,886 6.4%

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.